NEW MODEL FOR URBAN DEVELOPMENT

Aldar, Abu Dhabi department to develop five communities covering 20m sq m

Wed, 13 May 2026

Aldar and the Department of Municipalities and Transport (DMT) have announced a landmark public-private partnership to deliver new integrated communities spanning more than 20 million square metres across five strategic locations in Abu Dhabi.

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IRAN-OMANI OFFICIALS HOLD TALKS

Iraq, Pakistan strike shipping deals with Iran as Tehran flexes its muscle

Wed, 13 May 2026

Countries striking side deals with Iran to secure oil and gas shipments through the Strait of Hormuz are raising fresh concerns among Gulf exporters, as the lack of progress in US-Iran peace talks fuels fears that Tehran could entrench its new control over one of the world’s most critical energy corridors.

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3.2% GROWTH SEEN THIS YEAR

Global travel and tourism to contribute $12 trillion to world economy

Tue, 12 May 2026

Global travel and tourism is forecast to continue outpacing wider economic growth in 2026, with the sector expected to contribute $12 trillion to the world economy, accounting for 9.9% of global GDP, according to new data from the World Travel & Tourism Council.

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PRODUCTION PLANNED FROM 2028

DHL Express signs Bahrain SAF offtake agreement with SAF One

Tue, 12 May 2026

DHL Express signed a 10-year offtake agreement with SAF One to source 250,000 metric tonnes of SAF from Bahrain starting in 2028, integrating the Middle East’s first SAF facility into DHL’s global network and supporting its 2030 sustainability targets.

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ANALYSIS

AI 'proving more expensive than human workers'

Sun, 10 May 2026

For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.

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Top This Week

Saudi ministry issues global alert against fake Hajj permits

Tue, 12 May 2026

The Saudi Ministry of Hajj and Umrah has launched a global awareness campaign warning pilgrims against falling victim to fraudulent advertisements and "fake" Hajj permits.

Saudi banks' credit to public and private sectors jump 9.6% to $888.9bn

Tue, 12 May 2026

Bank credit extended to the public and private sectors in Saudi Arabia continued its upward trajectory, reaching a record high of around SAR3.335 trillion ($888.9 billion) by the end of February.

Binghatti Holding posts Q1 revenue of $1.19bn; profit reaches record $389m

Tue, 12 May 2026

Binghatti Holding Limited, a leading developer, has reported a net profit of AED1.43 billion ($389.38 million) for Q1 2026, representing a 73 percent year-on-year increase, while revenue rose 52 percent to AED4.39 billion ($1.195 billion).

Emaar Properties Q1 revenue hits $3.4 billion; profit before tax $2bn

Tue, 12 May 2026

Emaar Properties delivered a strong start to the year 2026, supported by sustained demand across its core segments. In Q1 2026, Emaar’s revenue increased by 23 percent, while EBITDA grew faster at 34 percent, reflecting operating leverage, portfolio quality, and sustained cost discipline.

Sanad to set up aircraft engine repair Centre of Excellence in Al Ain

Tue, 12 May 2026

Sanad, a part of Mubadala Investment Company, has announced the establishment of an AED480 million ($130 million) aircraft engine repair Centre of Excellence (CoE) in Al Ain Region.

Abu Dhabi launches $15bn new public-private partnership projects

Tue, 12 May 2026

Abu Dhabi Investment Office (ADIO) and Abu Dhabi Projects and Infrastructure Centre (ADPIC) have launched a new pipeline of public-private partnership (PPP) projects with a total value of AED55 billion ($14.98 billion), as part of the emirate’s wider PPP programme.

Danube unveils first large-scale master villa community in Dubai

Mon, 11 May 2026

UAE developer Danube Group has launch of its first large-scale integrated master villa community - Greenz by Danube - in Dubai. Set for 2029 handover, it will feature three- and four-bedroom townhouses, along with five-bedroom semi-detached and twin villas - all with private lifts and sky gardens.

Etihad Rail's freight and passenger projects enter fast-track

Mon, 11 May 2026

Etihad Rail, the developer of UAE's national railway network, has announced that final preparations are under way on both its freight and passenger rail projects, as well as the its strategic plans for the coming years, including the expansion of its logistics services ecosystem.

Rowad Modern Engineering completes work on Diriyah ministry HQ

Mon, 11 May 2026

Saudi-based Rowad Modern Engineering has announced the successful completion of the design and execution of the Ministry of Culture’s headquarters in Diriyah, marking a landmark achievement that reflects the seamless integration of contemporary architecture with the kingdom’s rich historical identity.

Focus: Carrefour International du Bois 2026 - spotlight on wood innovations

Wed, 13 May 2026

While the new construction sector is undergoing profound transformations, wood is demonstrating strong regional resilience and is more than ever establishing itself as a material of the future.

US breaks energy production record in 2025 with 3.4pc increase: EIA

Wed, 13 May 2026

Total energy production in the US increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4 per cent increase from the previous record set in 2024, according to new data in the US Energy Information Administration (EIA) Monthly Energy Review.

Gulf Air introduces first Starlink equipped flight

Wed, 13 May 2026

Gulf Air, the national carrier of Bahrain, has announced a milestone in its inflight connectivity programme with the launch of its first Starlink-equipped commercial flight.

Focus: Carrefour International du Bois 2026 - spotlight on wood innovations

Wed, 13 May 2026

While the new construction sector is undergoing profound transformations, wood is demonstrating strong regional resilience and is more than ever establishing itself as a material of the future.

AI 'proving more expensive than human workers'

Sun, 10 May 2026

For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.

Dividend Gate Capital to launch Bahrain’s first indoor ski academy

Wed, 13 May 2026

Dividend Gate Capital, Bahrain-based private equity firm, plans first indoor ski academy with international partner, responding to rising skiing popularity among Bahrainis and GCC families, driven by increased winter travel to Europe and other destinations.

UAE first to approve new treatment for uncontrolled hypertension

Tue, 12 May 2026

The Emirates Drug Establishment (EDE) has approved Baxfendy, an innovative medicine containing the active substance baxdrostat, developed by AstraZeneca.

MAHE Dubai launches next-generation AI lab

Tue, 12 May 2026

Manipal Academy of Higher Education (MAHE) Dubai Campus has unveiled NEXORA, a next-generation Artificial Intelligence lab designed to equip students with applied, real-world AI capabilities.

Snoonu arrives in Kuwait offering more than delivery service

Tue, 12 May 2026

Snoonu, a fast-growing super-app, has been officially launched in Kuwait, marking a significant step in its expansion across the GCC.

Bank ABC appoints Paul Jennings as Group Chief Executive Officer

Tue, 12 May 2026

Bank ABC has appointed Paul Jennings as Group Chief Executive Officer, effective August 5, 2026, following the approval of its Board of Directors and the Central Bank of Bahrain.

Integrating AI into government work a priority, says Sheikh Mohammed

Wed, 13 May 2026

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that integrating AI into government work is a strategic priority for the next phase of the new UAE government framework project.

ROX to set up Advanced AI Manufacturing Centre for luxury vehicles in KEZAD

Thu, 07 May 2026

ROX, a premium automotive manufacturer specialising in intelligent new energy vehicle, has announced a strategic agreement with Khalifa Economic Zones Abu Dhabi - KEZAD Group to establish the Middle East’s first Advanced AI Manufacturing Centre for luxury vehicles.

Exscape redefines gaming with engagement-driven platform

Tue, 12 May 2026

UAE-born interactive media platform Exscape, which surpassed 11 million downloads earlier this month, is reshaping the future of digital entertainment by introducing a new model of gaming centred on sustained user engagement and a “play-to-win” philosophy that rewards participation, consistency, and skill.

Integrating AI into government work a priority, says Sheikh Mohammed

Wed, 13 May 2026

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that integrating AI into government work is a strategic priority for the next phase of the new UAE government framework project.

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